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The Find Out Podcast

Sen. Chris Van Hollen Wants To Give 130 Million Americans a Tax Cu

The Find Out Podcast

Find Out Media & Studio71

News, News Commentary, Government, Politics

4.92K Ratings

🗓️ 17 March 2026

⏱️ 40 minutes

🧾️ Download transcript

Summary

Senator Van Hollen discusses how his bill, The Working Americans' Tax Cut Act, would tackle rising prices by raising taxes on billionaires and giving a huge tax cut to 130 million working Americans.

Transcript

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0:00.0

Hey, everybody, welcome back to the Find Out podcast. We've got a great show for you today. We have

0:12.8

Senator Chris Van Hollen, the senior senator from Maryland. Senator, it's great to have you

0:16.9

today. It's good to be back with you guys. Thanks. Yeah, we were just joking before that we

0:21.0

seem to see you every week or two, so we're glad to see you again. And there's always good

0:25.4

stuff to talk about. And I want to dive into this bill that you just released last week,

0:31.0

which is called the, sorry, I cannot see without my glasses oh the working americans tax cut the working

0:40.0

americans tax cut which has an oppressive uh number of sponsors uh and also groups that are endorsing

0:46.4

this so senator this is a unique bill from democrats you don't usually see like eliminating

0:51.4

taxes for a wide swath of people why don't you tell us what this bill is and

0:56.1

what it could do for people who are really getting squeezed by Trump's tariffs and a slowing

1:02.5

economy? Well, the fundamental idea behind this bill is exactly a recognition that people are working harder than ever and still being squeezed.

1:14.3

So people are making a paycheck, but because of the high costs and prices that they're facing,

1:21.0

they're just struggling to get by. And so this is the Working Americans Tax Cut Bill,

1:25.8

and the idea is essentially if you're making a living wage,

1:31.0

in other words, just enough to support yourself or yourself and the family, then you shouldn't be paying

1:37.1

federal income taxes. You should be essentially able to keep more of what you earn in order to pay your bills and, you know,

1:47.0

have a dignified life for yourself and your family. That's the fundamental idea.

1:51.6

130 million Americans will benefit. They'll have a little bit more of their paycheck to keep.

1:58.0

It is fully paid for an offset by a surtax on millionaires, right?

2:02.4

Starting with a 5% tax on the first dollar over a million dollars a year. So if you're

2:09.0

making over a million dollars a year, on that first dollar over a million, you'll pay 5%.

2:13.8

It's a little escalating surtax. That's about $1.5 trillion, and it provides the revenue to

...

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